Individual Business – Legal, Tax, and Financial Considerations of Operating As an Individual Business
A single-person company is one that is managed and owned solely by that person. This is the most frequent kind of small-scale business. Some states may require businesses to be registered with the state as an occupancy permit or a business and get an Employer Identification Number (EIN) in the event that they plan to hire employees or sell taxable goods or services. This article will give you information on the financial, tax and legal aspects of operating a business as an individual.
This article is essential for anyone who is a business owner. This Harvard Business Review article identifies four traits that make the best business leaders and will have you thinking about your own leadership style. Similar to this, this Huffington Post piece is sure to resonate with small-scale business owners who interact directly with customers. It identifies unacceptable behavior that cause people to leave your business, as the ways to correct them.